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Cost of Goods Sold, Cost of Goods Manufactured Woodfall Company has the following information for June: Cost of direct materials used in production $61,000 Direct

image text in transcribedimage text in transcribedimage text in transcribed Cost of Goods Sold, Cost of Goods Manufactured Woodfall Company has the following information for June: Cost of direct materials used in production $61,000 Direct labor 68,000 Factory overhead 20,000 Work in process inventory, June 1 49,000 Work in process inventory, June 30 53,000 Finished goods inventory, June 1 28,000 Finished goods inventory, June 30 23,000 a. For June, determine the cost of goods manufactured. a. For June, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Woodfall Company Statement of Cost of Goods Manufactured Costs Type Amount Amount Q Total manufacturing costs incurred in June Total manufacturing costs Cost of goods manufactured b. For June, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold. Woodfall Company Statement of Cost of Goods Sold Cost of goods sold Costs Type Amount 1000000

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